AIR PRODUCTS AND CHEMICALS - 1H - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 230.68 USD
My targets
235.72 USD (+0.61%)
241.35 USD (+3.01%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on AIR PRODUCTS AND CHEMICALS as long as the price remains well above 230.68 USD. The buyers' bullish objective is set at 235.72 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 241.35 USD. If there is any crossing, the next objective would be the resistance located at 244.65 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AIR PRODUCTS AND CHEMICALS rating is 234.30 USD. On the day, this instrument lost -0.03% with the lowest point at 232.09 USD and the highest point at 235.18 USD. The deviation from the price is +0.95% for the low point and -0.37% for the high point.232.09
235.18
234.30
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AIR PRODUCTS AND CHEMICALS indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 228.78 | 230.68 | 233.25 | 234.30 | 235.72 | 241.35 | 244.65 |
| Change (%) | -2.36% | -1.55% | -0.45% | - | +0.61% | +3.01% | +4.42% |
| Change | -5.52 | -3.62 | -1.05 | - | +1.42 | +7.05 | +10.35 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 225.45 | 227.32 | 230.84 | 232.71 | 236.23 | 238.10 | 241.62 |
| Camarilla | 232.88 | 233.37 | 233.87 | 234.36 | 234.85 | 235.35 | 235.84 |
| Woodie | 226.28 | 227.73 | 231.67 | 233.12 | 237.06 | 238.51 | 242.45 |
| Fibonacci | 227.32 | 229.38 | 230.65 | 232.71 | 234.77 | 236.04 | 238.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 219.35 | 223.44 | 227.54 | 231.63 | 235.73 | 239.82 | 243.92 |
| Camarilla | 229.39 | 230.14 | 230.89 | 231.64 | 232.39 | 233.14 | 233.89 |
| Woodie | 219.36 | 223.44 | 227.55 | 231.63 | 235.74 | 239.82 | 243.93 |
| Fibonacci | 223.44 | 226.57 | 228.50 | 231.63 | 234.76 | 236.69 | 239.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.02 | 223.37 | 232.82 | 240.17 | 249.62 | 256.97 | 266.42 |
| Camarilla | 237.65 | 239.19 | 240.73 | 242.27 | 243.81 | 245.35 | 246.89 |
| Woodie | 217.07 | 223.90 | 233.87 | 240.70 | 250.67 | 257.50 | 267.47 |
| Fibonacci | 223.37 | 229.79 | 233.75 | 240.17 | 246.59 | 250.55 | 256.97 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.87 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 6.57 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 233.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 230.27 | |
| Elder Ray (13): | 0.93 | |
| Super Trend (3,10): | 229.76 | |
| Zig ZAG (10): | 234.23 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 80.55 | |
| TEMA (21): | 234.32 | |
| Williams %R (14): | -15.68 | |
| Chande Momentum Oscillator (20): | 2.59 | |
| Repulse (5,40,3): | 0.5600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.59 |
| MA7: | 231.58 | |
| MA20: | 236.02 | |
| MA50: | 234.76 | |
| MA100: | 246.88 | |
| MAexp7: | 233.71 | |
| MAexp20: | 232.88 | |
| MAexp50: | 232.79 | |
| MAexp100: | 234.16 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -0.20% | |
| Price / MA100: | -5.10% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +0.65% | |
| Price / MAexp100: | +0.06% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on AIR PRODUCTS AND CHEMICALS. At the time of publication of this analysis, the latest news was as follows:
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Air Products and Chemicals, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
- Analysis: Positioning to Benefit within AMETEK, Taylor Morrison Home, MBIA, Air Products and Chemicals, CBIZ, and Aqua Metals — Research Highlights Growth, Revenue, and Consolidated Results
- Factors of Influence in 2018, Key Indicators and Opportunity within Cognizant Technology Solutions, Anadarko Petroleum, American Eagle Outfitters, MetLife, Groupon, and Air Products and Chemicals — New Research Emphasizes Economic Growth
- Recent Analysis Shows Audentes Therapeutics, Endocyte, Bluerock Residential Growth REIT, Air Products and Chemicals, BWX Technologies, and Modine Manufacturing Market Influences — Renewed Outlook, Key Drivers of Growth
- Report: Developing Opportunities within athenahealth, W.R. Berkley, Air Products and Chemicals, DICK'S Sporting Goods, Aptevo Therapeutics, and Columbia Property Trust — Future Expectations, Projections Moving into 2018
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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